Following the completion of the transaction, Tabreed’s presence in Dubai has increased to 278,801 RT and its total capacity has increased by 12.6% to 1,338,602 RT from 83 plants.
The dividend was approved by the shareholders at the company’s Annual General Assembly (AGA), chaired by Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, and attended by shareholders and members of Tabreed’s Board of Directors
Al Wahedi brings a wealth of 22 years of experience to the company in the fields of corporate finance, mergers and acquisitions, statutory accounting, budgeting, planning, costing and strategic decision making
Tabreed, whose biggest shareholders are Abu Dhabi state fund Mubadala Investment Company and France's Engie SA (ENGIE.PA), has appointed HSBC to advise on the purchase, which is at an advanced stage
The partnership will see both partners working towards a more energy-efficient future for Sharjah, and delivering the first district cooling solutions for the Emirate
Saudi Tabreed works with the public sector through long term Build-Operate-Own-Transfer frameworks to optimise energy consumption by providing innovative district cooling solutions
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